Learning Quest 529 Education Savings accounts help Kansas families save for their children in tax-advantaged 529 accounts. Learning Quest offers education savings accounts to help you pay education expenses for individuals that you designate, or for yourself. Kansas taxpayers may take an annual deduction of up to $3,000 ($6,000 for married, filing jointly) from Kansas adjusted gross income for contributions into each beneficiary's account.
Kansas also offers the Learning Quest Advisor and the Schwab 529 Plan, which are managed by American Century Investments and distributed by Charles Schwab & Co., Inc.
The Kansas Learning Quest 529 Education Savings Program is administered by Kansas State Treasurer Steven Johnson, who is responsible for the regulations governing the program, selecting the financial organization that manages the accounts, ensuring the program complies with all relevant Internal Revenue Service guidelines and monitoring investment performance with the assistance of an outside consultant and an advisory committee. The Treasurer also must report each year to the Kansas Legislature on the operations of the program.
The State of Kansas selected American Century Investments, based in Kansas City, Missouri, as the program manager. This mutual fund, brokerage and investment services company is in charge of managing accounts, providing customer service, educating account owners and communicating the benefits of the program.
"More information on the Kansas Education Savings Programs can be found at the following links."
Disclaimer: As with any investment, withdrawal value may be more or less than your original investment. This information is for educational or informational purposes only and is not intended as tax advice. Investments are not guaranteed by the State of Kansas, the Kansas State Treasurer, American Century Investment Management, Inc., or Charles Schwab & Co., Inc.